Trading Watch List 05.06.2020 | Bulls on Wall Street

Trading Watch List 05.06.2020

Gap up and close at the lows for the market. Market is stuck on a range. Expecting choppy/sloppy action. Our support bounce ideas, TSLA, ZM, TDOC,AMD, LABU,INO gave decent short term trades. There are still plenty of action in individual names for active traders.  So, I will continue to focus on individual names for both long and shorts.

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Here is the watch list and game plan:

NUGT Gold miner ETF. Coming out of the range. Keeping an eye.
KL Gold name basing over 200 MA. Watching for this wedge breakout over 44.
RCL Trend line breakdown short watch, ideally on green to red type move.
GSX Watching back over 40 for a range break.
GNMK First real pull after this parabolic run. Will be watching for short on a green to red type move.
ZTS Range breakout watch over 132.20.
SPCE Earning out after hours. That 50 MA still a spot to watch around 17.50-18 area.

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